Core Viewpoint - Miniso's subsidiary TOP TOY has submitted a prospectus for an IPO on the Hong Kong Stock Exchange, indicating a strategic move to expand its market presence and capitalize on the growing demand for trendy toys [1] Group 1: Company Developments - Miniso's stock rose by 4% to $22.56 following the news of TOP TOY's IPO submission [1] - TOP TOY's primary business focuses on trendy toy retail, with an expected GMV of approximately 2.4 billion yuan in mainland China for 2024 [1] Group 2: Market Insights - Huachuang Securities noted that Miniso's main business is showing signs of a turning point, with both overseas markets and TOP TOY experiencing high growth phases [1] - The profit drag from Yonghui Supermarket is anticipated to primarily impact the company in 2025, with positive contributions expected from 2026 onwards [1]
名创优品(MNSO.US)涨4% 旗下潮玩品牌TOP TOY拟赴港上市